Foreign trade - Jamb Commerce Past Questions and Answers

Question 6:

• JAMB 1994

The lake Chad Basin commission was founded to enable member states

A. Expand the volume of water in the lake for fishing activities
B. Increase navigational activities on the lake
C. Dam the lake for electricity and agricultural purposes
D. Co-ordinate their efforts in managing the use of the lake's resources

Question 7:

• JAMB 2019

The theory of International trade is based on_________

A. Principles of management
B. Principles of comparative cost
C. Principle of double entry
D. Theory of migration

Question 8:

• JAMB 2019

A fall in the value of a country's currency vis-a-vis other currencies is known as__________

A. Depreciation
B. Reduction
C. Devaluation
D. Exchange rate

Question 9:

• JAMB 2019

Services are made up of

A. Visible and invisible
B. Industry and Commerce
C. Direct and indirect services
D. Goods and Services

Question 10:

• JAMB 2019

Which of these is a document used in International trade?

A. Debit note
B. Credit note
C. Invoice
D. Price ring